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December 8, 2021updated 27 Apr 2022 11:59am

Marcellus (PennEnergy Resources, LLC) PA Unconventional Gas Field, US

By Carmen

Marcellus (PennEnergy Resources, LLC) PA is a producing unconventional gas field located onshore the US and is operated by PennEnergy Resources.

Field participation details

The field is owned by PennEnergy Resources.


Production from Marcellus (PennEnergy Resources, LLC) PA

The Marcellus (PennEnergy Resources, LLC) PA unconventional gas field recovered 32.34% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 0.5 thousand bpd of crude oil and condensate and 463 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032.


Remaining recoverable reserves

The field is expected to recover 205.84 Mmboe, comprised of 0.95 Mmbbl of crude oil & condensate and 1,229.36 bcf of natural gas reserves. Marcellus (PennEnergy Resources, LLC) PA unconventional gas field reserves accounts 0.18% of total remaining reserves of producing unconventional gas fields globally.


About PennEnergy Resources

PennEnergy Resources LLC (PennEnergy Resources) is oil & gas operating company. It focuses on acquisition and development of unconventional shale resources in the Appalachian Basin. The company offers site selection/construction and drilling and completions services. PennEnergy Resources is headquartered in Pittsburgh, Pennsylvania, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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